The Birmingham operation of property firm Jones Lang LaSalle is on track for a record year. The company posted third quarter global net income of $ 20.6 million (£11.77 million), with turnover in the UK up ten per cent.
Yesterday, it said its Birmingham office was also having a successful year after completing a range of high profile deals.
The company's investment team in Birmingham, led by Jonathan Wallis, was involved in the £19.1 million office sale of Lansdowne Gate in Solihull for Oppenheim Property Fund Management, as well as the £11.5 million sale of 1-2 and 3-6 Waterloo Street in Birmingham city centre for Scottish Widows Investment Partnership.
Jones Lang LaSalle's Birmingham-based retail team, led by Nick De Pons, also clinched high profile occupiers in Richardson Cordwell's new Ropewalk Nuneaton shopping centre.
The scheme which opened in early October, was 95 per cent let prior to opening.
New instructions won over the past year included letting and advisory roles on the one million Kingfisher Centre, Redditch, on behalf of Scottish Widows Investment Partnership and the successful Saddler Centre, Walsall on behalf of Insight Investment.
Meanwhile, the industrial team, led by Nigel Dolan, advised on several transactions, including the purchase of a 10.5 acre site on Argyle St by Slough Estates.
The management team, headed by Julia Reeve, also saw a successful quarter, gaining the management of the 83,000 sq ft Grade A office building, 134 Edmund Street for Oppenheim Property Fund Management, together with a large mixed property portfolio.
These instructions resulted in the expansion of the asset management team with a further two staff, surveyor Rosie Young and surveying executive Victoria Goodwing, expanding the team to seven.
Guy Webber, head of the Birmingham office, said: "The Jones Lang LaSalle Birmingham office has undoubtedly made a strong contribution to the overall company results. The completion of several high-profile transactions and our appointment on prestigious projects reflects our continuing success.
"If we are able to conclude a number of significant transactions that are currently in progress before our year end on December 31 it will be a record breaking year for us.
"It will be difficult to top 2005 but, with the continued support of a loyal and growing client base and an excellent working relationship with our London and other regional offices we could not be better placed to drive the business forward."
